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VERSES AI Inc. (OTCQB: VRSSD) has priced its public offering of 1,007,764 units at US$6.946 (C$9.50) per unit, targeting gross proceeds of approximately US$7 million (C$9.57 million).
Each unit contains one Class A subordinate voting share and one-half warrant. Full warrants will carry a strike price of US$8.409 (C$11.50) per share with a 36-month exercise window. A.G.P. Canada Investments ULC serves as lead agent alongside U.S. counterpart A.G.P./Alliance Global Partners.
Proceeds will strengthen VERSES’ balance sheet, accelerate R&D initiatives, and support operational needs.
Positive
- Significant capital raise of US$7 million to strengthen financial position
- 36-month warrant coverage provides potential additional future capital
- Dual-market offering exposure through Canadian and U.S. agents
Negative
- Potential dilution for existing shareholders
- Offering price represents new share issuance at current market levels
07/09/2025 – 09:08 AM
VANCOUVER, July 9, 2025 – VERSES AI Inc. (CBOE: VERS; OTCQB: VRSSD) has announced definitive pricing for its public equity offering, positioning the cognitive computing firm to secure US$7 million in new capital. The company will issue 1,007,764 units at US$6.946 (C$9.50) per unit, with each comprising one subordinate voting share and a half-warrant convertible at US$8.409 (C$11.50) through July 2028.
AGP Canada Investments leads the transaction as bookrunner, supported by its U.S. affiliate AGP/Alliance Global Partners. Settlement remains conditional upon standard closing requirements, including regulatory approvals from Cboe Canada.
“This capital infusion strategically strengthens our foundation during a pivotal development phase,” CEO Gabriel René noted. “Our immediate focus remains accelerating commercial deployment of our nature-inspired intelligence platforms.”
VERSES confirms proceeds will be allocated across three core areas: shoring up financial stability, advancing next-generation AI research, and providing operational runway. Prospectus documentation remains accessible through SEDAR+ and SEC EDGAR repositories.
The offering occurs as the Vancouver-based firm develops what it describes as “biologically modeled cognitive architectures” – software systems designed to mimic natural intelligence patterns for enterprise applications.
Market Mechanics Analysis
The unit structure represents a hybrid approach to capital formation that balances immediate funding needs with future optionality. The US$6.946 pricing represents a negligible premium to recent trading levels, while the 21% warrant premium offers potential upside exposure for new investors. With warrants valid for 36 months, VERSES gains a potential secondary capital channel before 2028’s expiration window.
Securities disclosure documents confirm AGP Canada and its U.S. partner will execute the transaction as a joint offering. This bifurcated approach reflects VERSES’ cross-border investor base and dual-exchange listing structure.
Funding Strategic Vision
Proceeds will support ongoing development of VERSES’ core platform, which applies neuroscience principles to enterprise AI problem-solving. The firm recently demonstrated adaptive logistics optimization systems and neural-symbolic reasoning modules. Industry analysts note the funding could accelerate development timelines as generative AI competition intensifies among tech conglomerates.
Several AI infrastructure stocks rallied 18-32% last quarter following NVIDIA’s earnings beat, suggesting market appetite for differentiated AI plays. VERSES’ offering positions it to capitalize on this momentum while extending its cash runway.
About VERSES
VERSES develops cognitive computing systems inspired by natural intelligence models, focusing on adaptive learning algorithms with applications in industrial IoT, autonomous systems, and complex data environments.
Forward-Looking Statements
Company statements include forward-looking considerations about financing outcomes, technology development, and market conditions. Actual results may differ materially due to technology execution risks, funding conditions, and competitive dynamics.
FAQ
What is VERSES AI’s offering size?
1,007,764 units at US$6.946 each, targeting US$7 million.
What warrant terms apply?
Half-warrants per unit become exercisable at US$8.409 through July 2028.
How will funds be allocated?
To balance sheet strengthening, R&D acceleration, and operational deployment.
Closing conditions?
Pending standard approvals including Cboe Canada’s authorization.
VRSSF Stock Data
148.56M
19.20M
Software – Infrastructure
Technology
Canada
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